Professor Michael McMahon:

The report really highlights such matters as the need for infrastructure investment, but we also are realistic that doing it with good value for money at this time is very difficult. If there are clearly people who can be targeted, and it is for the Government to target those, more can be done with the others or you can keep some more back for future needs, which may be infrastructure investment next year or the year after when the market might be more favourable. Certainly in our pre-budget submission and as I believe becomes clear in this fiscal assessment report, we would have preferred some more difficult choices being made.